Ecovyst Acquires Calabrian Sulfur Business for $190M
Ecovyst announced that it has signed a definitive agreement to acquire the Calabrian sulfur dioxide and related sulfur derivatives business from Ineos Enterprises for a purchase price of $190M, subject to certain customary adjustments. Through its manufacturing facilities in Port Neches, Texas and Timmins, Ontario, Canada, Calabrian is a producer of sulfur dioxide and related sulfur derivatives in North America, serving end uses including mining, water treatment and specialty chemical production. The transaction is targeted to close by the end of second quarter of 2026, subject to satisfaction of customary closing conditions. "The Calabrian acquisition aligns with our strategy to deliver shareholder value by leveraging our sulfur chemistry expertise, while also diversifying our portfolio and further expanding our presence in key end use segments such as mining," said Kurt Bitting, Ecovyst's CEO. "Ecovyst is already an established producer of sodium bisulfite, and Calabrian's sulfur dioxide and other sulfur derivative product offerings share meaningful end-use, customer, and sulfur-chemistry overlap with Ecovyst, positioning us to integrate Calabrian's product portfolio onto a familiar commercial and operational footprint. Similar to our existing businesses, Calabrian has a highly experienced and engaged management team, and a diverse base of long-standing, blue-chip customers, with a high degree of recurring sales under significant long-term contracts. In addition, the Calabrian business is characterized by strong cash generation and Adjusted EBITDA margins that are expected to be accretive to Ecovyst's portfolio," Bitting added.
